Amazon Buys Twitch For $970 Million In Cashhttp://www.businessinsider.com/amazon-buys-twitch-2014-8/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Sun, 02 Aug 2015 18:58:38 -0400Eugene Kimhttp://www.businessinsider.com/c/53fcc5bfeab8ea6d05b8812fTGundersonTue, 26 Aug 2014 13:37:03 -0400http://www.businessinsider.com/c/53fcc5bfeab8ea6d05b8812f
You complete misunderstand Amazon's business model. Bezos is playing the long game and he's winning. In fact, he's crushing home runs.http://www.businessinsider.com/c/53fcc587eab8eae908b8812eTGundersonTue, 26 Aug 2014 13:36:07 -0400http://www.businessinsider.com/c/53fcc587eab8eae908b8812e
LOL sorry, my money is on Bezos and for good reason. Perhaps you are unaware of the other company Amazon owns AWS - google it. I think you'll find they know this segment really well and it's laughable, as others have said to you, that you think Twitch was 'hiding' from Amazon. If anything I think the valuation should have been around 1.4 billionhttp://www.businessinsider.com/c/53fbebd5eab8ea3310e83de5and...Mon, 25 Aug 2014 22:07:17 -0400http://www.businessinsider.com/c/53fbebd5eab8ea3310e83de5
they are up to 9 separate articles as of now...http://www.businessinsider.com/c/53fbcd4a6bb3f7e619e83de9You are an old fartMon, 25 Aug 2014 19:56:58 -0400http://www.businessinsider.com/c/53fbcd4a6bb3f7e619e83de9
You used the perfect analogy of comparing the value added to sports in that both are purely forms of entertainment which add no real value other than relaxation. The fact that you think sports magically provide more value is laughable and just shows how much of an old fart you are as Over 75% of Twitch viewers are over 18.http://www.businessinsider.com/c/53fbc9d76bb3f72311e83de5Really?Mon, 25 Aug 2014 19:42:15 -0400http://www.businessinsider.com/c/53fbc9d76bb3f72311e83de5
People watch other people play video games? Seriously? WTF is wrong with these people?http://www.businessinsider.com/c/53fbc72fecad04164b6bc0feBUY ME BUY MEMon, 25 Aug 2014 19:30:55 -0400http://www.businessinsider.com/c/53fbc72fecad04164b6bc0fe
My site, which is just two letters away from Twitch, allows people to watch other people cut their lawn.http://www.businessinsider.com/c/53fbc5606bb3f74202e83de3citizen1Mon, 25 Aug 2014 19:23:12 -0400http://www.businessinsider.com/c/53fbc5606bb3f74202e83de3
Note the difference in tone of BI coverage today of Amazon vs. Burger King. Both acquisitions are US tax dodges in large part.http://www.businessinsider.com/c/53fbbbf4ecad04b9226bc0f0johnathanbMon, 25 Aug 2014 18:43:00 -0400http://www.businessinsider.com/c/53fbbbf4ecad04b9226bc0f0
MySpace was an amazing buy for Fox. The search deal they made with Google alone returned far more than they paid for the company.http://www.businessinsider.com/c/53fbba81eab8ea574ce83de6iamjamesMon, 25 Aug 2014 18:36:49 -0400http://www.businessinsider.com/c/53fbba81eab8ea574ce83de6
Welcome to the future of live video. Lots of folks tried to do this, but Twitch did it. Congrats to the Twitch team, and chalk up another win for YC and AMZN.http://www.businessinsider.com/c/53fbb419eab8ea652fe83decSigmundMon, 25 Aug 2014 18:09:29 -0400http://www.businessinsider.com/c/53fbb419eab8ea652fe83dec
Amazon's strategy is to become so needed that people eventually will pay whatever it takes to avoid it going bankrupt. Just think about Amazon Web Services and all the businesses built on top of it. Netflix, for example.http://www.businessinsider.com/c/53fbb3eeeab8ea652fe83de6idoiot personMon, 25 Aug 2014 18:08:46 -0400http://www.businessinsider.com/c/53fbb3eeeab8ea652fe83de6
Fact:
AMZN creates less jobs than it destroys
AMZN profit margin in .25% yes that is a quarter of a percent......hmmmmmm.....what's their business model...hmmmmm.let me guess.......use the capital markets to FUND negative cashflow until all competitors are BANKRUPT.http://www.businessinsider.com/c/53fbb354ecad040a076bc0eepatchyfogMon, 25 Aug 2014 18:06:12 -0400http://www.businessinsider.com/c/53fbb354ecad040a076bc0ee
Google Buys WWE!http://www.businessinsider.com/c/53fbb147eab8ea9a2be83de3unreal idiotMon, 25 Aug 2014 17:57:28 -0400http://www.businessinsider.com/c/53fbb147eab8ea9a2be83de3
You are such an idiot it hurts to educate you. Getting paid to play a video game is not adding any value other than pleasure to another teenager or non-adult. They are not creating a multiplier effect whatsoever you idiot, such as providing parts for an adults car to get to work, that's value. A professional athlete is a similar entertainer, but they entertain not only teens, but entertain adults hence the value they add is taking money from real productive people in turn giving them relaxation or pleasure. A teen pleasing a teen in return for cash is doing nothing you dumb person.http://www.businessinsider.com/c/53fbac7c69beddad396bc0f5nathanexplosionMon, 25 Aug 2014 17:37:00 -0400http://www.businessinsider.com/c/53fbac7c69beddad396bc0f5
You guys should do 2, no, make it 3.... do 3 articles on this transaction please: One from the POV of each party, then a 3rd as a general summary. And then add a 4th and 5th that could recap the first 3.
Then... Profit.http://www.businessinsider.com/c/53fbac69ecad04d35e6bc0f2someguy770Mon, 25 Aug 2014 17:36:41 -0400http://www.businessinsider.com/c/53fbac69ecad04d35e6bc0f2
The people who believe in technology and shell out big bucks to purchase these services are all millionaires/billionaires. The skeptics who complain about tech purchases and think that every app is "overvalued" commenting on BI are basically broke in comparison. I don't know who to listen to.http://www.businessinsider.com/c/53fba915ecad0484516bc0f8youresowrongMon, 25 Aug 2014 17:22:29 -0400http://www.businessinsider.com/c/53fba915ecad0484516bc0f8
You shouldn't talk if you have no idea what you're talking about. Many twitch streamers stream as their full-time job. People can a) subscribe to you for 5$ a month, or b) send donations to you. There are donators who have given more than 20 000 dollars to some of the more well known streamers. Some of these streamers are quite wealthy because of their streaming. So please, dont talk about stuff you have no clue about. Also it enriches the people who watch these streams just as much if not more than folks who watch TV.http://www.businessinsider.com/c/53fba63eecad042a516bc0f2No Growth AmazonMon, 25 Aug 2014 17:10:22 -0400http://www.businessinsider.com/c/53fba63eecad042a516bc0f2
Due diligence really worked out well for News Corp and MySpace. Or how about the News Corp Dow Jones deal? News Corp wrote off $3 billion on that deal because Dow Jones business fell off faster than expected.
Once teens move on, Twitch will be worth a tiny fraction of what Amazon paid.
What's to prevent Facebook from adding a similar video section?http://www.businessinsider.com/c/53fba48aeab8ea5c71e83deaNo valueMon, 25 Aug 2014 17:03:06 -0400http://www.businessinsider.com/c/53fba48aeab8ea5c71e83dea
Personally, none of these companies add value to the world. They also add no jobs and enrich nobody except the few founders or private equity who funded it.
Decades ago, billion dollar companies would employ countless people making great wages.
These days, all of these useless tech companies add absolutely no value to the world.http://www.businessinsider.com/c/53fba4686bb3f72874e83de3NopeMon, 25 Aug 2014 17:02:32 -0400http://www.businessinsider.com/c/53fba4686bb3f72874e83de3
You don't know much about the acquisition process...It's not one day Amazon wakes up and walks to the Twitch store and buys it like you buy eggs. It's a long drawn out process where Twitch would have to reveal EVERYTHING about the site: good, bad and ugly.
If anything is hidden and discovered later, they most likely would be sued.
Amazon especially is a company that does its due diligence and would tread lightly before shelling out $1BBhttp://www.businessinsider.com/c/53fba05becad047435a299c9Deal BreakerMon, 25 Aug 2014 16:45:15 -0400http://www.businessinsider.com/c/53fba05becad047435a299c9
The deal with Google fell through because Google knows what a crappy business online video really is and didn't want to pay up.http://www.businessinsider.com/c/53fb9f3cecad049931a299c9Beltway GregMon, 25 Aug 2014 16:40:28 -0400http://www.businessinsider.com/c/53fb9f3cecad049931a299c9
So basically half the total profit Amazon has ever earned since its inception? How dear lord does this happen? Does Amazon have a board and how will they ever look shareholders in the face.http://www.businessinsider.com/c/53fb9d6c6bb3f7015da299ccNo Growth AmazonMon, 25 Aug 2014 16:32:44 -0400http://www.businessinsider.com/c/53fb9d6c6bb3f7015da299cc
What a bunch of chumps!
Amazon NOW thinks a YouTube type site is a growth vehicle? When kids get tired of watching others play video games, traffic will dry up. (It probably already has and Twitch is hiding the real traffic stats.)
Anyway, Amazon thinks they can build a service like YouTube and sell ads against free content.
Amazon has officially run out of growth.http://www.businessinsider.com/c/53fb98a06bb3f78336d26fa9GreedoLiesMon, 25 Aug 2014 16:12:16 -0400http://www.businessinsider.com/c/53fb98a06bb3f78336d26fa9
So is this more or less official than the Google-Twitch deal that mysteriously fell into the ether during due diligence. I suspect once Amazon finds the fleas of justin.tv this "deal" will go the same route.http://www.businessinsider.com/c/53fb97956bb3f7cb35d26fa6Robert P. Holmes IIIMon, 25 Aug 2014 16:07:49 -0400http://www.businessinsider.com/c/53fb97956bb3f7cb35d26fa6
Twitch is privately traded, I looked earlier today before the announcement. Now is a good time to be one of the first investors into it.